I'm pretty sure the reason you can't run gasoline in a model engine is because it won't keep the glow plug glowing. It will probably start while the glow start is attached, but as soon as you remove it it will go out. Methanol (wood alcohol, which is the **real** fuel in nitro fuel, nitromethane is an additive) burns much hotter than gasoline, and the catalytic action between the platinum in the coil and the fuel is what keeps it hot enough to continue combustion.
The other reason is that the lubrication system is like most two strokes - oil in the fuel. As soon as you add oil to the gasoline you are going to reduce the flash point and make it even more difficult to run.
Once they figured out the alcohol and glow plug combination, they also found that ounce for ounce you get more power from methanol than gasoline, which is a perfect formula for a model engine.
Compare the model gasoline burners against 2-strokes - you will see they all require a charged plug and won't burn on glow.